The base year is always the year in which prices were the lowest
Indicate whether the statement is true or false
False
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Compared to workers in richer countries, workers in developing countries have
a. lower productivity and lower wages. b. higher productivity and higher wages. c. higher productivity but lower wages. d. the same productivity but lower wages.
If a country experiences capital flight, which curves shift right?
a. the demand for loanable funds and the demand for its currency in the market for foreign-currency exchange b. the demand for loanable funds and the supply of its currency in the market for foreign-currency exchange c. the supply of loanable funds and the demand for its currency in the market for foreign-currency exchange d. the supply of loanable funds and the supply of its currency in the market for foreign-currency exchange
One reason stagflation is difficult to recover from is because:
A. less output requires less inputs to be hired. B. prices tend to adjust more quickly downward than upward. C. wages are sticky downward. D. input prices increase with output prices.
In? a(n) ________, the purchaser tries to persuade enough shareholders to go against management and vote to sell.
A. hostile takeover B. leveraged buyout C. acquisition D. merger E. joint venture